TOKYO -- Japan's top currency official said on Thursday that the government is prepared to intervene in the currency market if it detects an excessive swing in exchange rates, in a fresh warning to investors trying to test the yen's downside.
Currencies
Japan to counter FX volatility with intervention, says official
High swings are damaging the economy, says finance ministry's Kanda
"Foreign exchange rates should move in a stable manner in line with economic fundamentals," said Masato Kanda, vice finance minister for international affairs. (Photo by Nanami Sato)
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